FB down 8% at opening

Re:FB down 8% at opening by ceejayoz on Monday May 21, 2012 @12:37PM (#4003620)

> No they didn't. They would have if they had dumped all their shares the first day, which they did not.

I'm talking about the money Facebook made off the IPO shares, not the net worth of Facebook employees.

> Zuck's net worth may have dropped 10% this morning (depending on how many shares he sold yesterday).

Changing the IPO price wouldn't have changed that. If they'd opened at $15 and popped up to $35, Zuckerberg's net worth would still be the same as it was when it opened at $38 and dropped to $35... but Facebook itself would've gotten much less money out of the IPO.

[ Parent | on HN ]

Re:FB down 8% at opening by drstrangevibes on Monday May 21, 2012 @03:34PM (#4004489)

i agree the 51% that has been retained is there so that he can retain control, he doesnt actually care if it tanks , his made a huge wad and still has command, perfect!

[ Parent | on HN ]

Re:FB down 8% at opening by ceejayoz on Monday May 21, 2012 @03:35PM (#4004504)

Well, minority shareholders do have some rights. They can sue him for breach of responsibility if he runs things into the ground.

[ Parent | on HN ]